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Masdar acquires stake in Hero Future Energies of India

Power News - Published on Wed, 13 Nov 2019

Image Source: news.masdar.
Hero Future Energies has announced a strategic investment to fund the expansion of its renewable energy portfolio, including in selected international geographies. The strategic investment by Masdar will help facilitate the further expansion of HFE in India and other key growth markets. Masdar, the renewable energy arm of Mubadala Investment Company, has a history of successful private sector partnerships, having delivered renewable energy projects in more than 25 countries since 2006, representing a combined investment of around USD 13.5 billion.

HFE, whose existing operations are mostly in India, hopes that as much as 25% of its growth will come from new international markets, including Europe and the UK, and Asia, including Bangladesh, Singapore, Vietnam, Philippines and Indonesia.

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Posted By : Yogender Pancholi on Wed, 13 Nov 2019
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